72°
Baton Rouge, Louisiana
3 Day Outlook
Thu
86°
71°
50%
Fri
86°
70°
60%
Sat
86°
69°
60%
Follow our weather team on social media

US stocks open lower as European leaders meet

3 years ago May 23, 2012 May 23, 2012 Wednesday, May 23 2012 Wednesday, May 23, 2012 10:05:33 AM EDT in News
Source: Associated Press

NEW YORK- Markets are swooning in Europe and the U.S. as investors become increasingly skeptical that European leaders will succeed at jump-starting the region's economy and preventing a messy exit from the euro by Greece.

The Dow Jones industrial average was down 164 points at 12,339 shortly before midday Wednesday.

The Standard & Poor's 500 index lost 17 points to 1,299. The Nasdaq composite fell 37 points to 2,802.

The euro fell to its lowest level against the dollar in nearly two years as confidence in Europe's common currency continued to erode. Stock markets in Europe and commodities prices also fell sharply.

European leaders are meeting to try and find a way to keep the region's debt crisis from spiraling out of control. They're also seeking ways to promote jobs and growth.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
72°
68°
Thu
PM T-Storms
86°
71°
Fri
PM T-Storms
86°
70°
Sat
PM T-Storms
86°
69°
Sun
Scattered T-Storms
84°
70°